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☆ Founder Collective has quietly built a seed-investing powerhouse that just raised a $95 million new fund. Its secret sauce: staying small.
▼ + stars: | 2023-11-08 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

The firm has raised $95 million for its fifth and largest fund, Founder Collective tells Insider exclusively. While it's not the splashiest shop, those in the know know Founder Collective has quietly built one of the most successful venture-capital franchises on the East Coast. Founder CollectiveFounded in 2009, Founder Collective started as a bloc of founders and investors pooling their money to invest in startups. Founder Collective has always been ruthlessly focused on the seed stage, where investors take the biggest risk in pursuit of the highest returns. "We have been fastidious and we've screamed it to anyone who will listen: capital efficiency, capital efficiency, capital efficiency," Frankel said.

Persons: Eric Paley, Collective's, it's, Beezer Clarkson, Sapphire, Clarkson, Paley, David Frankel, Frankel, Amanda Herson, Herson, we've Organizations: Sapphire Partners, Cendana, Foundry Group, Forbes, Felicis Ventures Locations: Cambridge , Massachusetts, East, Coupang, Susa

☆ AI supply chain startup Tacto is set to raise funds from Sequoia. It's already in talks to bring in more cash.
▼ + stars: | 2023-11-03 | by ( Callum Burroughs | Tasmin Lockwood | ) www.businessinsider.com time to read: +2 min

Tacto, a small German AI supply chain startup, is set to raise new funding from US giant Sequoia and is already in talks with a different high-profile investor to raise another round. Sequoia is set to lead Tacto's Series A round, six sources familiar with the deal told Insider. Unusually, the startup has already begun talks to raise another round of funding in addition to the Sequoia deal. Tacto is also in talks with London-based Index Ventures to immediately raise another funding round, five sources said. Andreessen Horowitz led a seed round in tiny AI startup ElevenLabs in March, and is also in talks with months-old company Mistral.

Persons: Tacto, Andreessen Horowitz, Fintech, Hanno Renner Organizations: London, Ventures, Sequoia, Energy, nab, Cherry Ventures, UVC Partners, Club Locations: Sequoia, Munich, Berlin

☆ A top-9% fund manager shares how he built an 'anti-fragility' portfolio that outperforms in bull and bear markets — and shares 8 of his favorite investments to make now
▼ + stars: | 2023-10-29 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

His foreign-focused, large-cap growth fund is in the top 9% of its category in 2023 with a 4.8% gain compared to a 0.5% loss for its index, according to Morningstar. "And so we don't recalibrate the portfolio much year in, year out or rebalance it for different macro outlooks." Target top-of-the-line stocks, but pay a fair priceUnlike many other managers, Erickson only allows a few dozen stocks in his fund. 8 top investments to make nowMany US-based investors avoid international stocks entirely since the prevailing narrative is that the group is risky, given its heightened exposure to geopolitical conflict. International stocks in four sectors look especially promising right now, Erickson said: consumer discretionary, consumer staples, healthcare, and information technology.

Persons: Elias Erickson, he's, Morningstar, Erickson, We're, It's, there's Organizations: Companies, SAP, Mastercard Locations: New York

Such forecasts have prompted a sell-off in a wide range of companies from makers of bariatric surgery devices to companies whose products address the health issues created by excess weight, from diabetes to sleep apnea. "The market is in a shoot-first, ask-questions-later mood when it comes to weight-loss drugs," said Nicholas Anderson, manager of the Thornburg International Growth Fund, which holds shares of Novo Nordisk. By contrast, the iShares U.S. Medical Devices exchange-traded fund has lost more than 22% in the last three months. Injectable weight-loss drugs, known as GLP-1 receptor agonists, are considered highly effective but are also expensive, costing more than $1,300 per month. "Overall, we'll see an increased interest in bariatric surgery, but that will get delayed in the short term."

Persons: Doctor Thomas Horbach, Wegovy, Nicholas Anderson, Eli Lilly, Kenneth Stein, Margaret Kaczor Andrew, William Blair, Michael Farrell, Jeff Jonas, Johnson, Myriam Curet, Ann Hynes, Hynes, David Gaffen, Manas, Michael Erman, Caroline Humer, Sonali Paul Organizations: Novo Nordisk, Healthcare, Growth Fund, Medical Devices, Boston, Gabelli Funds, Johnson, Reuters, Mizuho Securities, Manas Mishra, Thomson Locations: Germany, Munich, Danish, U.S, Boston, GLP, New York, Bengaluru

☆ Looking to invest long-term in Nvidia? Here's how to play the stock according to one growth investor
▼ + stars: | 2023-10-26 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

U.S. chipmaker Nvidia has been getting a lot of love from market watchers this year – and growth investor Nick Griffin is no exception. NVDA YTD mountain Year-to-date share price of Nvidia Griffin does not expect this phenomenon to have a significant impact on the company in the long-term. So, short-term, I understand the negativity – but long-term, it's not going to change the fact that people want to buy their chips," Griffin said. Going forward he foresees an increase in the demand for GPUs - which would possibly chip away Nvidia's market share to around 60%. While this may mean a loss of market share to its fellow chipmakers, the growth investor believes that Nvidia is in "a very unique position."

Persons: Nick Griffin, Munro, Griffin, Nvidia Griffin, it's, Griffin –, Cuda, – Organizations: Nvidia, Munro Partners, CNBC's, U.S, U.S ., Munro Growth Locations: Australia, China

☆ US equity funds suffer outflows on rising bond yields, geopolitical tensions
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 20 (Reuters) - U.S. equity funds registered huge withdrawals in the week ending Oct. 18, hit by a surge in bond yields and escalating geopolitical tensions in the Middle East. Investors sold $4.57 billion of U.S. equity funds on a net basis during the week, logging outflows for the fifth consecutive week, according to LSEG data. Reuters Graphics Reuters GraphicsUtilities and tech topped sectoral outflows, booking $931 million and $707 million of outflows each. Reuters Graphics Reuters GraphicsInvestors also liquidated about $3.66 billion of bond funds, compared with about $1.13 billion of net purchases in the previous week. U.S. short/intermediate investment-grade, and high yield funds saw $2.4 billion and $1.93 billion worth of net selling, respectively.

Persons: Brendan McDermid, Gaurav Dogra, Patturaja, Dhanya Ann Thoppil Organizations: New York Stock Exchange, REUTERS, Investors, Reuters Graphics Reuters Graphics U.S, Treasury, Reuters Graphics Reuters Graphics Utilities, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, Bengaluru

☆ China's new home prices extend declines, defying broader recovery
▼ + stars: | 2023-10-19 | by ( Liangping Gao | Ryan Woo | ) www.reuters.com time to read: +3 min

REUTERS/Tingshu Wang/File PhotoNew home prices fell 0.2% month-on-month but narrowed from a 0.3% drop in August, according to Reuters calculations based on National Bureau of Statistics (NBS) data. Of the 70 cities in the home price data, 54 reported declines in prices last month, up from 52 in August. New home prices in tier-three cities fell 0.3% month-on-month after a 0.4% drop in August. However, demand remained lukewarm in smaller cities struggling with excess supply while nationwide the property sector remains in a deep slump. Ma attributed the fall to the fact that Guangdong province is home to many private developers with liquidity problems.

Persons: Tingshu Wang, ”, Ma Hong, Goldman Sachs, Ma Organizations: REUTERS, National Bureau of Statistics, Zhixin Investment Research Institute Locations: BEIJING, Beijing, China, Shanghai, Shenzhen, Guangzhou, Guangdong

☆ CNBC Pro Talks: Munro Partners' Nick Griffin to discuss AI, Big Tech and stocks to short
▼ + stars: | 2023-10-17 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

Join CNBC's Will Koulouris as he quizzes Nick Griffin, chief investment officer of Munro Partners, on the AI theme, Big Tech, and how to play stocks such as Nvidia and Microsoft . Munro Partners, with $4.3 billion Australian dollars under management, is focused on global growth stocks. The Munro Global Growth Fund's top five holdings are Alphabet , Amazon , Nvidia , Visa and Microsoft . The firm has another growth-focused fund, the Munro Concentrated Global Growth Fund, with a return of 12% per annum since its inception in 2019. He has been with Munro Partners since 2016 and before that was head of international equities at K2 Asset Management and was also at Deutsche Bank.

Persons: Koulouris, Nick Griffin, Munro, Griffin, Eli Lilly Organizations: Munro Partners, Big Tech, Nvidia, Microsoft, Global, Novo Nordisk, Visa, Samsung SDI, Asset Management, Deutsche Bank Locations: U.S

☆ A portfolio manager behind a 95th-percentile growth fund gives a blueprint for finding successful stocks — and shares where to find long-term winners as the economy slows
▼ + stars: | 2023-10-17 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Despite a recent hiccup, growth stocks are in style as concerns about the US economy persist. Growth stocks may generate earnings quickly, but that doesn't mean stock-pickers should rush to sell them — even after letdowns like a disappointing quarter. Every stock in the 52-year-old growth fund has tailwinds like sustainable earnings growth and defendable competitive advantages, Humphrey said. Valuation is an afterthought for some growth managers, but not those on Humphrey's team. Along with Meta Platforms (META), the USAA Victory Growth Fund's top holdings include streaming media titan Netflix (NFLX) and communications conglomerate Alphabet (GOOGL).

Persons: It's, Lance Humphrey, Humphrey Organizations: Growth, Victory Capital Management, Companies, Federal Reserve, Meta, Netflix, Biotech, Vertex Pharmaceuticals

☆ A fund manager beating 90% of peers in 2023 after getting crushed last year shares the unconventional investing philosophy that sets him apart — and why Nvidia and these 5 other stocks will keep domin
▼ + stars: | 2023-10-13 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Six of the eight top holdings in his Virtus Silvant Large-Cap Growth Fund (STCIX) are among the top 20 performers in the S&P 500 this year. That performance is quite the departure from last year, where Sansoterra's fund fell more than 29%, yet still managed to finish in the top half of its category. "They're there, but they're just a little bit harder to find." "And a lot of money managers are quality growth, GARP-y growth, momentum growth, high beta growth, et cetera. Indeed, Sansoterra's fund has posted solid relative returns in almost every imaginable environment, data from Morningstar shows.

Persons: Michael Sansoterra's, Eli Lilly, Sansoterra, Sandeep Bhatia, haven't, it's, doesn't Organizations: Virtus Silvant, Growth, Nvidia, Meta, Morningstar, Silvant Capital Management

☆ US bond funds suffer outflows on rate worries; money market funds gain traction
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 6 (Reuters) - U.S. bond funds saw significant outflows in the week ending Oct. 4, driven by concerns about prolonged elevated interest rates, while money market funds garnered substantial inflows as investors recalibrated their risk exposure amid a bond market sell-off. According to LSEG data, investors offloaded U.S. bond funds worth a net $6.34 billion during the week, the biggest amount since Dec. 21, 2022. Money market funds meanwhile, received about $43.15 billion in inflows, the highest since April 26, 2023. Investors exited equity growth funds worth $2.05 billion and value funds worth $1.23 billion. Reuters Graphics Reuters GraphicsNotably, consumer staples, healthcare and consumer discretionary sectors observed net outflows of $637 million, $461 million and $397 million, respectively.

Persons: Dado Ruvic, outflows, Gaurav Dogra, Patturaja, William Maclean Organizations: REUTERS, Federal Reserve, Reuters Graphics Reuters, Treasury, Thomson Locations: Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. The S&P 500 (.SPX) eyed its fifth straight weekly fall, while the Dow (.DJI) is on track to decline for the third straight week. Most major S&P 500 sectors were trading lower on Friday, with utilities (.SPLRCU), often considered a bond proxy, down 1.8%, while rate-sensitive real-estate (.SPLRCR) fell 1.2%. Energy (.SPNY) is set to be worst hit amongst the major S&P 500 sectors this week, while communications services (.SPLRCL) is on track to be the best performing. EV maker Tesla (TSLA.O) fell 2.2% after cutting prices of its Model 3 and Model Y vehicles in the United States.

Persons: Brendan McDermid, Tesla, Neil Birrell, advancers, Ankika Biswas, Shashwat Chauhan, Anil D'Silva, Shounak Organizations: New York Stock Exchange, REUTERS, Companies, Exxon, Dow, Nasdaq, Federal Reserve, Labor, Premier Miton, Treasury, Nvidia, Traders, Energy, JPMorgan Chase, Citigroup, BlackRock, Dow Jones, Tesla, Exxon Mobil, Reuters, Natural Resources, NYSE, Thomson Locations: New York City, U.S, Wells Fargo, United States, Bengaluru

☆ US equity funds see biggest weekly outflow in three months
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

According to LSEG data, U.S. equity funds suffered outflows of a net $11.69 billion, the biggest of any week since June 21. Equity value funds observed $4.37 billion worth of outflows, the most since December 2022. Meanwhile, growth funds witnessed about $1.95 billion worth of net outgo. U.S taxable bond funds witnessed $2.27 billion worth of net selling, while net withdrawal from municipal bond funds stood at $1.42 billion. Investors offloaded high-yield bond funds of a net $2.6 billion in their biggest weekly net disposal since Feb. 22.

Persons: Brendan McDermid, Gaurav Dogra, Patturaja, Jan Harvey 私 Organizations: New York Stock Exchange, REUTERS, Reuters Graphics Reuters, Investors Locations: New York City, U.S, Bengaluru

☆ Biomaterials startup Traceless wants to help tackle plastic pollution. It just raised $39 million in debt and equity with this 15-slide pitch deck.
▼ + stars: | 2023-09-25 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

A German startup hoping to help put an end to plastic pollution has just raised 36.6 million euro (around $38.9 million) in a mixture of equity and debt. Hamburg-based Traceless, founded in 2020, has developed a plant-based biomaterial using agricultural waste to replace plastics. The startup material uses the existing natural polymers that are in its raw material, which requires up to 80% less energy to process compared to conventional plastics, Lamp said. Traceless produces its material as small pellets to provide to product manufacturers, which then mould it to their needs. The startup hopes to have replaced 1 million tonnes of plastic by 2030.

Persons: Anne Lamp, compostable, Traceless, Joanna Baare, Baare, Hamburger Sparkasse Organizations: UB Forest Industry, Growth, SWEN Capital Partners, GLS Bank, Planet A Ventures, Tech Locations: Hamburg, Antarctica

☆ China VCs have a big problem — and it’s not just a drop in U.S. investor appetite
▼ + stars: | 2023-09-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Among China-focused investment firms, only four U.S. dollar-denominated venture capital funds established between 2015 and 2020 have at least returned investors all the money they put in. Alternative assets include venture capital, but not publicly traded stocks and bonds. Preqin doesn't track every single China VC fund, and only included those with data as of the end of last year or more recently. In the world of early-stage investing, "limited partners" (typically institutions) give money to "general partners" (venture capital funds) to invest into startups. The outperforming funds were: Loyal Valley Capital Advantage Fund I, Hillhouse Fund II, Oceanpine USD Fund I and HighLight Capital USD Fund II.

Persons: Preqin, —, Reuben Lai, “, Reuben Lai Preqin, they'd, Alex Shum, Preqin's Lai, there's, Lai, Jinjian Zhang, Vitalbridge, Zhang Organizations: Nurphoto, Getty, ., China VC, CNBC, Fengshion, Investment Fund, LYFE Capital, GGV, BioTrack, U.S, Capital, II, Sequoia, Sequoia Capital China Growth Fund, TPG NewQuest Locations: Shenzhen, China, BEIJING, That's, Preqin, Greater China, Beijing, IPOs, Vitalbridge, Shanghai

☆ CNBC Pro Talks: TSMC, Alibaba and more? Fund manager to reveal his 'great' undervalued stock picks
▼ + stars: | 2023-09-19 | by ( ) www.cnbc.com time to read: +2 min

Join CNBC's Tanvir Gill as she quizzes North of South Capital's Kamil Dimmich on investing in global stocks such as chip giant TSMC , Chinese tech behemoth Alibaba and South Korea's Samsung Electronics . These stocks and more are held in Dimmich's fund, the $1.5 billion Pacific North of South Emerging Markets All Cap Equity fund. The Pacific North of South EM All Cap Equity fund aims to outperform its benchmark, the MSCI Emerging Markets Index, by between 3% to 5% annually. Kamil has been at North of South Capital since 2009 and has managed the Pacific North of South EM All Cap Equity fund since 2017. Join CNBC Pro Talks on Wednesday, September 20, at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m.

Persons: Tanvir Gill, Capital's Kamil Dimmich, Dimmich, Kamil, Berkshire Hathaway, Guy Spier, he's Organizations: Samsung Electronics, South Emerging, Equity, South Capital, CNBC, Nvidia, Big Tech, Apple Locations: U.S, South, North, Treasurys, Berkshire, A.I, China

☆ Getir emerged as a tentative winner in Europe's pandemic-fueled rapid-delivery sector. But it still faces sizable threats.
▼ + stars: | 2023-09-18 | by ( Riddhi Kanetkar | Callum Burroughs | ) www.businessinsider.com time to read: +8 min

In March 2022, Nazım Salur invited thousands of Getir employees to a Zoom meeting to celebrate its newfound "decacorn" status. However, as soaring inflation and rising interest rates began to hobble the tech sector, investors became far less forgiving of businesses that had oriented themselves more toward growth than sustainability. In December 2021, The Guardian reported that Getir had offered customers a deal where they could get £15 off if they spent £16. About 21 rapid-delivery startups were operating across Europe in 2021, with Getir joined by the German outfits Gorillas and Flink, as well as the British startup Zapp. Getir tentatively emerged as the winner in the rapid-delivery sector when it bought its main competitor, Gorillas , in a heavily discounted deal for $1.2 billion in December.

Persons: Nazım Salur, Nazım, Getir, Blok, London's, Alexi Rosenfeld, they've, Adam Neumann, Michael Moritz Organizations: Tiger Global, Mubadala, Financial Times, Getir, TechCrunch, Guardian, DST Global, Gorillas, Abu Dhabi Growth Fund, Google, PayPal Locations: Spanish, Berlin, Turkey, Turkish, Germany, Netherlands, Istanbul, Turkey's, Europe, British, Abu Dhabi

☆ How this aggressive growth fund beat the S&P 500 without Nvidia or Big Tech
▼ + stars: | 2023-09-11 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Many growth funds have performed on pace with the S & P 500 this year, driven by mega-cap names such as Nvidia , Alphabet and Tesla . The Needham Aggressive Growth Fund , however, has outperformed. Aggressive growth funds are focused on investing in growth stocks, with high potential future to grow — but also higher risk. Picking companies Portfolio manager Barr, who has managed the fund since 2010, told CNBC Pro that "there is a rich universe of investment opportunities beneath the big tech companies like Nvidia." "There are small-cap companies with rapid growth, and also with the steady growth that Needham prefers."

Persons: It's, John Barr —, Barr, Needham Organizations: Nvidia, Big Tech, Morningstar, CNBC, Apple, Needham Funds Locations: industrials, Barr, United States

☆ Buoyant dollar on course for its longest weekly winning streak since 2014
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: +3 min

The dollar was headed for its longest weekly winning streak in nine years on Friday, bolstered by a resilient run of U.S. economic data that has also put the end of the Federal Reserve's rate-hike cycle into question. The U.S. dollar index , which measures the greenback against its major peers, steadied at 105.02 in early trade, not far from the previous session's six-month high of 105.15. Sterling similarly languished near Thursday's three-month low and last bought $1.2484, set to clock a weekly loss of more than 0.8%. It is on track for a weekly loss of nearly 1% against the dollar, its worst week in about a month. The Australian dollar , often used as a liquid proxy for the yuan, was last 0.07% higher at $0.6381, but eyed a weekly loss of more than 1%.

Persons: Ray Attrill, Sterling, Alvin Tan Organizations: U.S, National Australia Bank . Data, Asia FX, RBC Capital Markets, New Zealand, of Japan's Locations: Asia, U.S, Germany, Europe's, Europe, Thursday's, United States

☆ Startup investors are fueling a boom in U.S. defense tech as China standoff opens doors at home
▼ + stars: | 2023-09-07 | by ( Lauren Feiner | ) www.cnbc.com time to read: +11 min

Louie added that he doesn't "know of a single major fund out there that isn't thinking about disruptive tech investing in the U.S., investing in defense tech, investing in microelectronics and AI in the next generation and next iteration." Stephen McCarthy | Sportsfile | Getty ImagesVC funding in aerospace and defense tech has shot up in recent years, according to data compiled by PitchBook for CNBC. The poster child for U.S.-focused defense tech is Anduril Industries, co-founded in 2017 by Oculus Rift designer Palmer Luckey. They can just look at the untapped potential in defense tech. "The government's becoming a better customer," said Shah, who previously served as managing partner of the Defense Department's Defense Innovation Unit, which seeks to accelerate the use of emerging technologies.

Persons: Hadrian, Chris Power Hadrian, Joe Biden, Gilman Louie, Alsop, Louie Partners, He's, Louie, Biden, Lindsay Gorman, she's, Gorman, Chris Power, Power, Hadrian's, Peter Thiel's, Palmer Luckey, Stephen McCarthy, Sportsfile, Anduril, Richard Jenkins, Bilal Zuberi, Lux, Zuberi, Jenkins, Saildrone didn't, Paul Kwan, Catalyst, What's, Kwan, Kyle Harrison, Saul Loeb, Raj Shah, Josh Wolfe, There's, Shah, Wolfe Organizations: Chris Power Hadrian Automation, America's Frontier, U.S, Marshall Fund's Alliance, Securing Democracy, Lux Capital, Fund, Andutil Industries, Enercare Center, Getty, PitchBook, CNBC, Industries, Oculus, Blue Force Technologies, Oceanic, Atmospheric Administration, Navy, Coast Guard, Google, Intel, AFP, Shield, Lux, Defense Department's Defense Innovation Unit, Power, YouTube, China Locations: China, U.S, America, Torrance , California, Los Angeles, Toronto, Canada, Ukraine, New Albany , Ohio, Silicon

☆ Europe is the ‘land of equity yield.’ These funds can give U.S. investors a slice of the payouts
▼ + stars: | 2023-09-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Morgan Stanley strategist Chelsea Tabe said in a note to clients last week that Europe has become the "land of equity yield." "Europe has tended to offer a higher dividend yield than global peers, but a low or negative net buyback yield meant the region's total yield often lagged," Tabe said. "In 2022 Europe offered investors the highest total yield of any major region, and our analysts' projections suggest this is likely to be repeated in 2023. The biggest of the group is the WisdomTree Europe Hedged Equity Fund (HEDJ) , according to VettaFi, with more than $1 billion in assets. That includes the Europe Quality Dividend Growth Fund (EUDG) and the Europe Small Cap Dividend Fund (DFE) , though both have underperformed HEDJ in 2023.

Persons: Morgan Stanley, Chelsea Tabe, Tabe, HEDJ, FDD, — CNBC's Michael Bloom Organizations: U.S, Europe Hedged Equity, Trust Locations: Europe, U.S

☆ Big startups are a bust so prestige investors are fighting for deals into tiny European companies
▼ + stars: | 2023-09-05 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

Funding to European startups across the board dropped by almost 60% to $23 billion in the first six months of 2023, according to Crunchbase data. ElevenLabs, a London-based artificial intelligence startup founded by Google and Palantir alumni, pulled in $18 million at a $100 million valuation a year after it was founded. Mistral, another European startup set up by ex-Facebook and DeepMind staffers, raised $113 million a month after it was founded. AI has been of particular interest to investors with similar hype surrounding a deal for London-based text-to-voice startup ElevenLabs. Industry stakeholders believe that teams springing from already successful companies to set up their own startups will be very attractive with some predicting startups founded between 2022 and 2024 primed to be very in demand in the future.

Persons: Andreessen Horowitz, David Schreiber, Duco van, Pivot, Marc, Antoine Lacroix, Romain Libeau, Sifted, Filip Dames, Dames Organizations: Google, Mistral, Facebook, Ventures, Cocoa, Club, Cherry Ventures, Sequoia, Industry Locations: Europe, London, Paris, Berlin

☆ Exclusive: Canada oil sands carbon capture project struggles to get key contract
▼ + stars: | 2023-09-05 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

The mechanism gives investors in CCS certainty about their future revenue by setting a minimum price for their carbon credits. Oil companies in the country's highest-emitting sector are counting on CCS to help dramatically cut emissions while continuing to pump oil and gas. Carbon credits represent reduced or avoided carbon emissions, and companies use them to mitigate greenhouse gases they generate. The government has told Pathways that the Growth Fund may not be equipped to handle some projects, said the Pathways representative who asked not to be named. Canada set up the Growth Fund last year, which is run through the Public Sector Pension Investment Board, a federal Crown corporation.

Persons: Suncor, Todd Korol, Justin Trudeau, Jessica Eritou, Adam Auer, Steve Scherer, Denny Thomas, Josie Kao Organizations: Rights, Pathways Alliance, Reuters, Finance Ministry, U.S, Alliance CCS, Canadian Natural Resources, Suncor Energy, Cenovus Energy, ConocoPhillips, MEG Energy, Public Sector Pension Investment Board, Crown, Cement Association of Canada, Thomson Locations: Fort McMurray , Alberta, Canada, U.S, ConocoPhillips Canada

☆ A top-7% fund manager over the past 15 years shares the once-in-a-generation challenge she sees in markets — and names 6 stocks that look attractive right now
▼ + stars: | 2023-09-02 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

The mid-cap growth fund manager shared what qualities she's looking for in stocks. However, the mid-cap growth fund she's managed since 2001 is still a top-7% performer in the last 15 years, according to Morningstar. There's 'magic' to be found in mid-cap growthBut while elevated interest rates aren't kind to stocks, Scott still sees opportunities in many mid-sized companies. Within mid caps, Scott tends to tilt toward growth-focused companies, specifically those with sound business models that are profitable and have abundant cash flow. Instead of investing in so-called "bleeding edge" growth stocks, Scott said she prefers steady, reliable compounders.

Persons: Kimberly Scott, she's, we've, Scott, Morningstar, we're Organizations: Delaware Ivy, Growth, Federal, Growth Fund

☆ This outperforming fund offers a socially responsibility way to invest in growth
▼ + stars: | 2023-08-30 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

A Calvert fund is giving investors a sustainable way to play this year's technology rebound. The firm's U.S. Large Cap Growth Responsibility Index (CGJAX) is up 27% this year, rallying in near harmony with growth stocks. 'Consistent approach' Fitting of any growth fund, a handful of large tech names are among the biggest holdings as of June 30, per Morningstar. "This fund still offers a broadly diversified option for investors looking for a balance between ESG and growth stocks," Tran wrote when rating the fund at the end of last year. The fund also benefits from having a more data-driven approach to picking stocks, Huang wrote.

Persons: Calvert, Russell, Morningstar, —, Jade Huang, Huang, Lan Anh Tran, Tran Organizations: Apple, Microsoft, Nvidia, Facebook, Tesla, Nasdaq, Morningstar, Russell, Federal Reserve Locations: Calvert

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